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China's solar goes from supremacy to oversupply

  • Tariffs on Chinese panels doubled to 50%, affecting $18 billion in imports, while the EU probes subsidies to Chinese solar panel firms.
  • China's solar expansion led to overleveraging, grid overload, and a price war, resulting in a 75% drop in new projects.
  • Europe was surpassed by Asia as China's largest solar export market, with African exports rising 187% in 2023.
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